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FDI to bridge current account deficit: PM
Inviting American companies to invest in India’s infrastructure and defence industries, through the public-private-partnership route, Prime Minister Manmohan Singh today said India would bridge a higher current account deficit through increased foreign direct investment.

Latha Jishnu: The campaign against that pesky 3 (d)
For the Americans (and some Europeans) it’s “that pesky section”. And the US government is throwing its weight behind an industry campaign to discredit this section if not get it removed from India’s Patent Act. Yes, of course, it is Section 3(d) that is under attack from big pharma which has lost no opportunity in pointing out that this law will stifle the growth of India’s own drug companies and also choke off foreign investment in the sector. In recent weeks, this campaign has picked up in tempo both here and abroad.

News of the day

'2010 to be the world's warmest year'
2010 is likely to be the world"s warmest year on record, the British Met Office has predicted. According to the Met Office, man-made climate change will be a factor and natural weather patterns would contribute less to 2010"s temperature than they did in 1998, the current warmest year in the 160-year record.
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BSE receives complaints against 228 listed firms

The Bombay Stock Exchange (BSE) today said it received 357 complaints against 228 listed companies and resolved 317 complaints against 239 listed companies in July. - DIIs net buy Rs 444 cr, FIIs net sell Rs 126 cr - HCL Infosystems plans to raise Rs 825 cr via securities - India Cements ED Ramachandran resigns - IOC gains on LPG outlet increase plans - Aditya Birla up on stake sale plan in financial arm - Indusind Bank at 52-week high on QIP issue The resolved complaints include those brought forward from previous periods, the exchange said in a press release. Complaints were received against 323 active companies while 34 complaints were against suspended companies. The complaints are under five categories. Three categories include non-receipt of refund orders/allotment letters/stock invest, non-receipt of dividend/interest and non-receipt of share/debenture certificates after transfer/endorsement/conversion and bonus shares. The other two categories of complaints relate to non-receipt of annual reports, right forms/interest on delayed receipt of refund order/dividend, etc, and non-receipt of credit with depository participants, the release said. Of the 317 complaints resolved, 282 were against active companies and 35 against suspended companies. Vatsa Corporation had the highest number of complaints pending (1,054) at July end followed by Pentafour Products and Mukerian Papers with 271 and 170, respectively in the same period, the release said.


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